BP Petroleum - Search News

BP Vows ‘Fundamental Reset’ in Strategy

Bloomberg L.P. · 8h

BP Investors Welcome Elliott as Oil Major Readies Strategy Reset

Several BP Plc shareholders said they welcome activist Elliott Investment Management taking a stake in the British oil major because the company needs to make meaningful changes.

Marketplace · 2d

Oil giant BP promises a “fundamental reset.” What will that look like?

The oil and gas giant is expected to reverse course on renewable energy commitment due to decreased profits and a shifting political climate.

The New York Times · 3d

BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production.

Activist Elliot takes near 5% stake in BP

Elliott builds BP stake of nearly 5%, pushes for big divestments, source says

Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to transform its performance, including a big divestment programme, a source familiar with the matter told Reuters on Thursday.

Crude Oil Prices · 1d

Elliott Wants Big Asset Sales at BP After Building $4.75-Billion Stake

Activist investor Elliott Management has built a nearly 5% stake in BP and is pushing for major asset sales and strategic changes at the oil and gas giant.

This Is Money on MSN · 1d

Activist Elliot takes near 5% stake in BP as it pushes to cut spending on renewables and make big divestment

Elliott, led by boss Paul Singer (pictured), is expected to push BP to cut renewables and make big divestments to address its 'profound' undervaluation.

12h

BP’s overhaul can start with a new Chair

BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...

3d

BP CEO Says Oil Major’s Big Reset Has Been a Year in Making

BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while ...

3don MSN

British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset

British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled ...

13h

BP: The Strategic Shift Investors Want

BP trades at around 10x this year's profits, while its American peer XOM trades at 14-15x this year's profits. See what makes ...

The Times of Northwest Indiana2d

BP quarterly profit falls by 61% to lowest level since 2020

BP's fourth-quarter profit fell 61% to its lowest level since 2020.

4don MSN

BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major

BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the ...

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